Apollo Senior Floating Rate FundFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$15.80
- Net Assets:$263.44 Million
- Peer Rank:16 of 30
- Investment Rating:C
We rate Apollo Senior Floating Rate Fd Inc at C. Positive factors that influence this rating include a low price volatility. The fund may be considered for investors seeking a Loan Participation strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The Apollo Senior Floating Rate Fd Inc has returned an annual rate of 2.67% since inception. More recently, the fund has generated a total return of 3.34% in the last five years, 1.80% in the last three years, and -5.09% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 43% of them. It has also outpaced 34% of its competitors on a three year basis and 35% of them over the last year for the period ending 6/30/2016. On a year to date basis, AFT has returned 9.62%.
Downside risk has been below average. AFT has a draw down risk of -28.74%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.1%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $15.80, which is 3.5% below its 52-week high of $16.38 and 1.7% above its 52-week low of $15.53.
High expense ratio hinders performance. On total assets of $263.44 million, AFT maintains a high expense ratio compared to its Loan Participation peers of 3.01% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As AFT is a closed end fund, it has no front end or back end load.